Provisions Regarding Corporate Social Responsibility

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..... Provisions Regarding Corporate Social Responsibility
News and Press Release
Dated:- 30-11-2012

Press Information Bureau Government of India Ministry of Corporate Affairs 30-November-2 .....

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..... 012 18:52 IST Clause 135 of the Companies Bill, 2011, inter alia, provides for the specified companies to spend at least 2% of the average net profits (of last 3 years) in pursuance of the company's .....

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..... Corporate Social Responsibility (CSR) policy and in case of failure, to specify the reasons for not spending such amount in the Board's Report. Giving this information in written reply to a question i .....

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..... n the Lok Sabha, Shri Sachin Pilot, Minister of Corporate Affairs, said that in case the disclosure about such reasons in the Board's report is not made, the specified class of companies shall be liab .....

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..... le for action under the provisions of the Companies Bill, 2011 which require disclosures to be made in the Board's report. CSR policy to be undertaken by the companies as specified in schedule VII of .....

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..... the Companies Bill, 2011. ------------------------ KKP
News - Press release - PIB .....

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